Quantitative Investment Management LLC Invests $1.16 Million in Whirlpool Corporation $WHR

Key Points

• Quantitative Investment Management LLC acquired 12,845 shares of Whirlpool Corporation, valued at approximately $1,157,000, in the first quarter.
• Whirlpool reported a Q2 earnings miss with an EPS of $1.34, falling short of the $1.54 expected by analysts, while revenue also decreased by 5.4% year-over-year.
• The company recently announced a dividend cut, declaring a quarterly dividend of $0.90 per share, which represents a significant payout ratio of -264.15%.

Quantitative Investment Management LLC acquired a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,845 shares of the company's stock, valued at approximately $1,157,000.

Several other large investors also recently modified their holdings of WHR. Nuveen LLC acquired a new stake in shares of Whirlpool during the 1st quarter worth $82,461,000. Dimensional Fund Advisors LP grew its holdings in shares of Whirlpool by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after purchasing an additional 350,397 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Whirlpool by 19.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after purchasing an additional 199,663 shares in the last quarter. Newport Trust Company LLC grew its holdings in shares of Whirlpool by 11.4% during the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock worth $162,784,000 after purchasing an additional 184,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after purchasing an additional 117,964 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Trading Down 1.2%

Shares of WHR stock traded down $1.10 during mid-day trading on Friday, reaching $93.36. 1,165,585 shares of the stock traded hands, compared to its average volume of 1,181,280. The stock's fifty day simple moving average is $94.75 and its two-hundred day simple moving average is $89.79. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The company has a market cap of $5.22 billion, a price-to-earnings ratio of -35.23 and a beta of 1.17. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the business posted $2.39 earnings per share. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is presently -264.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WHR shares. Bank of America reissued an "underperform" rating and set a $70.00 target price (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada reduced their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $98.83.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.